Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.Short-term - LOCK, As the recent gains are too good not to take advantage of
Long-term - FLOAT
The week ahead for economic data that can affect mortgage interest rates
Tuesday
- September Housing Starts
Wednesday
- MBA Mortgage Applications Report
Thursday
- Weekly Jobless Claims
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